Safeco Corp. expects to report an operating loss of 5 cents to 10 cents per share for the fourth quarter, falling well short of analysts’ predictions of a profit of 19 cents per share. The Seattle company’s weather claims could reach $18 million, and its surety operation reserved a $5 million loss as a result of the late December bankruptcy declaration of a customer the company had bonded.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
IBM Agrees to Pay Government $17 Million in DEI Settlement 
Toilet Paper Warehouse Fire Investigators Review Viral Video 
Here’s a List of Gulf Energy Infrastructure Damaged in Iran War 
